(Source) As a parent, your main want, more than anything in the world, is to provide the best start in life for your children. That start doesn’t just refer to the moment they enter the world – it refers to the entire time period between them being placed into your arms, and going out into […]

Credit As the retirement age approaches you have to make a lot of important decisions. They are important because they all affect your life after work. Remember that once you stop working your potential to earn money decreases and it can leave you in a lot of trouble. You clearly want to retire with enough […]

Ever thought what would happen to your assets after your death? People avoid thinking of death because such thoughts are dreadful. However, if you want your assets and property to pass on to your wife and children without any hassle, then you need to think about this scenario and update your estate plan. Insurance companies […]

When should you review your estate plan? An estate plan has three objectives Is your estate up to date? Let’s look at three steps to make sure your plan is on track: The first goal is to preserve your accumulated wealth. The second goal is to express who will receive your assets after […]

Inherited Real Estate What is cost basis? Stepped-up basis? How does the home sale tax exclusion work? At some point in our lives, we may inherit a home or another form of real property In such instances, we need to understand some of the jargon involving inherited real estate. What does “cost basis” mean? What […]

You’ve worked hard to attain all your assets. Money, property, and other belongings should all be protected after your death. You need to ensure they go to the right people! Don’t let any of your assets fall into the wrong hands after your death. Here are the things you should look into in order to […]

Why Does Family Wealth Fade Away? A lack of vision is often the answer to that question. In Matthew 7:24-27 we learn how important it is to build a house on rock and not sand: “Everyone then who hears these words of mine and does them will be like a wise man who built his […]

Do you have a Financial Co-Pilot? If anything happens to you, your family has someone to consult. If you weren’t around, what would happen to your investments? In many families, one person handles investment decisions, and spouses or children have little comprehension of what happens each week, month or year with a portfolio. In an […]

All too often, family wealth fails to last. One generation builds a business – or even a fortune – and it is lost in ensuing decades. Why does it happen, again and again? It is because families fall prey to serious money blunders – old and new. Classic mistakes are made, and changing times aren’t […]

LOOKING AT THE NEW ESTATE TAX LAWS What has happened since 2010 & what could happen in 2013. With 2013 approaching, many families and their financial, tax and legal consultants are weighing major estate planning decisions. A short-term window of opportunity may be closing. The relatively low estate tax rates we have now may soon […]